Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]

Reasons - recorded - Reassessment - ITAT - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the reasons recorded for reopening the assessment are to be read as they were recorded by the Assessing Officer and the same cannot be supplemented. The Assessing Officer was of the view that income totalling Rs. 9,81,60,144 has escaped assessment, as the…

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